Texas Capital Bank Launches 2023 Environmental, Social, and Governance Report

Rhea-AI Summary

Texas Capital Bank has published its inaugural 2023 Environmental, Social, and Governance (ESG) report, marking a shift from its previous annual Corporate Social Responsibility Report. This new initiative, titled "Our Values in Action," reflects the bank's commitment to being a leading corporate citizen in Texas. Over the past year, the bank has made significant strides in enhancing its culture and business framework, gaining recognition as America's most trusted bank by Newsweek. The ESG Council was formed to identify opportunities, set goals, and monitor progress on ESG matters. The report outlines the bank's dedication to community service, as well as efforts in diversity, equity, inclusion, and consumer protection. Texas Capital aims to elevate its status as a premier financial services firm in Texas by sharing its achievements and setting ambitious future goals.

Positive

• Inauguration of the first ESG report signals a strategic commitment to sustainability and corporate responsibility.
• Recognition as America's most trusted bank by Newsweek enhances brand reputation.
• Establishment of the ESG Council indicates structured governance and accountability in ESG initiatives.

Negative

• None.

NORTHAMPTON, MA / ACCESSWIRE / April 6, 2023 / Texas Capital Bank

Texas Capital is proud to announce the publishing of its 2023 Environmental, Social, and Governance (ESG) report. As the first ESG report in the firm's history, Texas Capital is committing to what it calls "Our Values in Action," highlighting environmental, social and governance issues in a new way. Historically, the firm published an annual Corporate Social Responsibility Report, but has transitioned to the "Our Values in Action" report demonstrating commitment to shaping the next era for Texas Capital and the desire to be the prominent, leading corporate citizen in Texas.

Throughout the past year, Texas Capital embarked on a journey of building, refining, and transforming its business and culture. The firm has utilized grit to harness greatness. With the recognition as America's most trusted bank by Newsweek as proof of that progress, Texas Capital has set ambitious goals and celebrated major milestones toward the goal of becoming the premier financial services firm headquartered in Texas.

In 2021, Texas Capital's Environmental, Social, and Governance Council (ESG Council) was formed, consisting of leaders across the firm whose purpose is to identify ESG opportunities, set goals, monitor progress, and report outcomes. The ESG Council is governed by the firm's board of directors.

In this report, Texas Capital shares not only the continued work serving communities in need, but also the initiatives the firm has undertaken in Diversity, Equity, and Inclusion; employee training programs; consumer protections; and more. In many cases, the firm has been aiming to quietly go above and beyond in serving clients, colleagues, and communities, but this is the first time it has shared its story in this specific way. Texas Capital is proud to report the firm's progress and set bold goals for the future.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI), the holding company of Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio, and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital Bank has established commercial banking, consumer banking, investment banking and wealth management capabilities. Member FDIC

View additional multimedia and more ESG storytelling from Texas Capital Bank on 3blmedia.com.

Contact Info:
Spokesperson: Texas Capital Bank
Website: https://www.3blmedia.com/profiles/texas-capital-bank
Email: info@3blmedia.com

SOURCE: Texas Capital Bank

View source version on accesswire.com:
https://www.accesswire.com/748056/Texas-Capital-Bank-Launches-2023-Environmental-Social-and-Governance-Report

FAQ

What is the significance of Texas Capital Bank's 2023 ESG report?

The report signifies Texas Capital Bank's commitment to sustainability and transparency in its operations, marking a shift from its previous Corporate Social Responsibility reports.

How has Texas Capital Bank been recognized recently?

Texas Capital Bank was recognized as America's most trusted bank by Newsweek, reflecting its progress in the financial industry.

What initiatives are highlighted in Texas Capital Bank's ESG report?

The report highlights initiatives in diversity, equity, inclusion, consumer protections, and community service.

What is the role of the ESG Council at Texas Capital Bank?

The ESG Council at Texas Capital Bank is responsible for identifying ESG opportunities, setting goals, and monitoring progress on various ESG initiatives.

How does the new ESG report impact Texas Capital Bank stakeholders?

The new ESG report impacts stakeholders by demonstrating the bank's commitment to responsible practices and enhancing its corporate reputation.